**Key takeaways from the IEA forecast for April 2026:** 1. **Decline in global demand**: The IEA forecasts a reduction in global oil demand in 2026 by 84 thousand barrels per day (to 104.26 million b/d). This is a turning point — a decline is expected instead of the anticipated growth. 2. **Reasons for the revision**: The main factors are geopolitical tensions in the Middle East, sanctions, and the OPEC+ strategy. The IEA lowered its forecast by 1 million b/d for March-April due to the conflict. 3. **Market context**: The current Brent price is $103.13 (as of March 2026 data). The market is in a phase of awaiting new triggers, creating volatility and opportunities for tactical trading. 4. **Regional differences**: In OECD countries, demand will decrease by 236 thousand b/d (to 45.65 million b/d), while outside the OECD the dynamics may be mixed. 5. **Implications for traders**: - Pressure on prices in the medium term - Increased role of geopolitical factors - Importance of monitoring OPEC+ data and operational news **Sources**: OilPrice.com, Neftegaz.RU, Interfax, RIA Novosti, TASS, analysis by SberCIB and the IMF.